What's Your Severance Package Look Like?

from the the-big-layoff-party-question dept

While everyone's been talking a lot about all the layoffs going around, very few have said anything about the variety of severance packages people are getting. Generally speaking, if you were at a larger company, you were much more likely to get a nice package. If you were at a small dot com, you might not even get vacation pay owed to you - or, in some cases, back wages that were owed to you. Of course, if you were an exec, even at a failing dot com, you might still expect to get a few million as an "exit package", while the rest of your laid off workers (who might actually need the money) were screwed over.
Hide this

Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.

Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.

While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.

–The Techdirt Team


Reader Comments

Subscribe: RSS

View by: Time | Thread


  1. identicon
    Duffman, 25 Jun 2001 @ 11:06am

    Hard Workers

    What I find kind of sad is that now the hard workers are the only ones left to cut. I know people at an unnamed telecom company who recently announced more layoffs, and their packages started off pretty generous, and have degraded to the point that for the latest round, the rumor is that they don't even get a % of salary - it's a calculation based on how much time you've been there, what your skill set is, what the marketplace is like, and how easy it would be for you to find a new job. So the people who didn't really want to work there and who couldn't do their jobs very well got off early with a larger package and an earlier start at finding a new job, and the people who really put in the time and effort and enjoyed being there are now getting packages that are not worth as much. It's too bad, especially when you add to that the huge packages still being doled out for CEO's and other execs.

    link to this | view in thread ]

  2. identicon
    sponge, 25 Jun 2001 @ 12:57pm

    No Subject Given

    pensions are where its at
    cops, teachers, etc
    THEYRE the ones running the scam
    guaaranteee dINCOME FOR LIFE after 20 years

    un fucking believeable

    PS: dont tell me about their shitty pay
    they make more than most people.

    link to this | view in thread ]

  3. identicon
    mhh5, 26 Jun 2001 @ 2:40pm

    Re: No Subject Given

    Sponge,

    Please stop commenting.

    Thanks.

    link to this | view in thread ]


Follow Techdirt
Essential Reading
Techdirt Deals
Report this ad  |  Hide Techdirt ads
Techdirt Insider Discord

The latest chatter on the Techdirt Insider Discord channel...

Loading...
Recent Stories

This site, like most other sites on the web, uses cookies. For more information, see our privacy policy. Got it
Close

Email This

This feature is only available to registered users. Register or sign in to use it.